Monday, December 5, 2022

Litecoin Creator Charlie Lee Blasts TRON’s “Copy & Paste” Whitepaper

Litecoin Creator Charlie Lee Blasts TRON’s “Copy & Paste” Whitepaper

Litecoin (LTC) creator Charlie Lee and TRON (TRX) creator Justin Sun have been trading social media blows as of late. The latest salvo belongs to Lee, who just retweeted a tweet suggesting TRON’s whitepaper was a butchered “copy & paste” job derived shamelessly from other cryptocurrency projects.

Also read: Telegram Plans Billion Dollar ICO to Build Massive New Blockchain Platform

Join the Bitsonline Telegram channel to get the latest Bitcoin, cryptocurrency, and tech news updates:

Shots Fired, Charlie Lee Style

Litecoin founder Charlie Lee’s not the super over-the-top personality the cryptocurrency space’s used to seeing. He’s not a firebrand commentator like John McAfee or Roger Ver. But that doesn’t mean Lee is one to hold back his strong opinions.

Lee just made this reality readily known once more, as he retweeted a new tweet from Juan Benet (@juanbenet) that bashed TRX, seemingly illustrating the project’s whitepaper as being loosely copied from several other project’s whitepapers.

Lee — through Benet — argued:

“Wow! Absurd! TRON’s ‘paper’ is mostly copied from other projects, or is super basic p2p passed off as original. Zero references.

Archived that PDF in IPFS, in case they take it down.”

From the illustration in the tweet above, the suggestion is that the recently surging TRON project plagiarized significant portions of its whitepaper from other projects like Filecoin or IPFS.

Sun Responds

TRX wunderkind and creator Justin Sun didn’t waste time in responding to Benet’s tweet and Lee’s retweet, chalking up the highlighted discrepancies in the TRON whitepaper as the result of translation issues between Chinese and English.

Sun and Lee are getting snappy. Who’s side are you on?

Sun suggested the Chinese version of the TRX whitepaper was the “gold standard,” essentially:

“We can provide you with the latest Chinese version of the whitepaper and hope we can learn from your advice. Again, from the beginning, we don’t expect numerous languages versions to keep update. After our SF office opens we will have a better English version of everything soon!”

This explanation seemingly assuaged the concerns of hardcore TRON supporters, but others were dissatisfied by the incompetent and egregious unprofessionalism that the alleged plagiarism suggested.

The TRX price has seemingly taken a hit accordingly, with TRX sitting around $ 0.16 USD at press time after hitting an all-time high of 0.25 cents on January 5th, 2018.

Yet, however fair Lee’s criticism of the TRX whitepaper is, it goes without saying that the cryptocurrency space is in fact permissionless. Sun didn’t need anyone’s permission to copy and paste an apparent pastiche of a whitepaper, regardless of how tasteless the move was, and Lee didn’t need anyone’s permission to base Litecoin off of Bitcoin.

For now, then, it’s anyone’s guess how TRON and the Lee vs. Sun feud will fare in the weeks ahead. But there’s no question that “flagrant copying” is becoming a bone of contention in the cryptocurrency space in general.

What do you think? Are you a TRON holder? Does Charlie raise reasonable concerns, or is this just FUD (“fear, uncertainty, and doubt”) in your opinion?

Images via Twitter, bandwithblog


Bitsonline Email Newsletter